Updated Jan 31, 2025
TruAmerica Multifamily And Intercontinental Real Estate Acquire Multifamily Asset In La Mesa For $149.5M
8727 Fletcher Pky
$149,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2018
About this deal
AI
The transaction involved a multifamily asset located at 8727 Fletcher Parkway in La Mesa. The property was sold for $149,500,000.00. This closed transaction reflects active participation in the multi-family market within the specified region.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $149,500,000.00
- Address: 8727 Fletcher Pky
- Market: La Mesa
- Buyer: TruAmerica Multifamily, Inc. and Intercontinental Real Estate Corporation
- Broker: Derrek Ostrzyzek (CBRE)
The deal involved the significant collaboration between the buyers, TruAmerica Multifamily, Inc. and Intercontinental Real Estate Corporation. They were represented in the transaction by Derrek Ostrzyzek from CBRE, underscoring his role in facilitating this closed property deal.
On the Map
$149,500,000
MultiFamily
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Players
La Mesa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93